Q3 2026 Greenply Industries Ltd Earnings Call Transcript
Key Points
- Greenply Industries Ltd (BOM:526797) achieved a consolidated quarterly revenue of 673.4 crores, marking a 9.6% year-on-year growth.
- The company reported a volume growth of 12.5% year-on-year in Q3 FY26, indicating strong demand for its products.
- The board has approved an investment of INR 400 crores for the expansion of a second MDF line, reflecting confidence in future growth.
- The company has reduced its exposure in Greenply Middle East Limited, decreasing contingent liabilities significantly.
- Greenply Industries Ltd (BOM:526797) is confident of achieving a 20% sales growth in Q4 FY26, supported by stabilized operations and increased capacity.
- The company faced initial production challenges in October and November, impacting sales and margins temporarily.
- There was a 4.9% decrease in average realization per square meter on a year-on-year basis, indicating pricing pressure.
- The furniture and fittings division reported a loss, with Greenply's share amounting to 7.7 crores in Q3 FY26.
- The company's net debt is expected to rise to around 650 crores by March 2027 due to new CapEx plans.
- Margins in the MDF segment were lower than expected due to initial production issues and reliance on trading activities to meet demand.
Confident of sustaining this momentum in quarter fo 4 years ahead in fully expanded capacity from 800 to 1,000 cBM.
While initial challenges impacted growth during the quarter, these issues have now been fully addressed.
The plant is currently stable and operating efficiently, production in the month of January was highest ever, and we are confident of a strong rebound going forward, in line with our growth expectations.
Now, I'd like to share with you that we have achieved a consolidated quarterly revenue of 673.4 kroros, which is a growth of 9.6% on a YI basis.
Our consultant for the quarter was
Kgs589 with a core Abeta margin of 8.7%, compared to 8.2% in corresponding water, an increase of 50 basis points.
On a basis, our consolidated revenue was at 1,962.8 growth, which is a growth of 6.7% on a YOI basis.
Our consolid was at 177.
Cross, which is a growth of 4.5% on a basis.
The core beta margin was 9% as
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